Money and Value
Understand how AI is revolutionizing our ecosystem.
Revolution of economic systems
AI has been no stranger to fintech as well as our greater economic systems. We’ve seen the rise of cryptocurrencies develop in concert with this change in how the financial industry is operating. Smart contracts, specifically, have been a huge motivator for crypto and blockchain adoption. This isn’t a course about crypto, but it does signal a change in how financial industries and economic systems are fundamentally operating.
Profit optimization
AI and ML are excellent tools for optimization, and there are few more compelling use cases for AI/ML than the optimization of profits. The financial industry has been leveraging quantitative analysts or quants for a long time. Quants do statistical and mathematical modeling for financial and risk modeling problems.
In many cases, it has been a profitable career for those who were interested in the captivating job of the 21st century, known as data science, even before this term was made famous by Harvard Business Review in 2012.
Risk minimization
Modeling and risk minimization have been pushed into overdrive with AI, and considering the financial industry as a whole is people-heavy, the adoption of AI has been competing with human jobs. Let’s take the example of trading and the use ...
